Corning Company Profile (NYSE:GLW)

About Corning

Corning logoCorning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Display Technologies segment develops, manufactures and supplies glass substrates using a fusion manufacturing process. It manufactures and processes products at approximately 90 plants in approximately 20 countries. Corning offers its products under the trademarks, including Corning, Celcor, ClearCurve, DuraTrap, Eagle XG, Epic, Gorilla, HPFS, Pyrex, Steuben, Falcon, SMF-28e and Willow.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Electronics
  • Sub-Industry: Electronic Components
  • Exchange: NYSE
  • Symbol: GLW
  • CUSIP: 21935010
Key Metrics:
  • Previous Close: $22.66
  • 50 Day Moving Average: $22.09
  • 200 Day Moving Average: $20.34
  • Trailing P/E Ratio: 12.50
  • Foreward P/E Ratio: 14.26
  • P/E Growth: 1.06
  • Market Cap: $23.52B
  • Outstanding Shares: 1,036,877,000
  • Beta: 1.42
Additional Links:
Companies Related to Corning:

Analyst Ratings

Consensus Ratings for Corning (NYSE:GLW) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 6 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: C$22.27 (1.80% downside)

Analysts' Ratings History for Corning (NYSE:GLW)
DateFirmActionRatingPrice TargetDetails
8/26/2016Citigroup Inc.Boost Price TargetBuy$23.00 -> $26.00View Rating Details
7/7/2016Goldman Sachs Group Inc.UpgradeBuy -> Conviction-Buy$27.00View Rating Details
6/12/2016ArgusReiterated RatingBuyView Rating Details
6/13/2016Standpoint ResearchDowngradeBuy -> HoldView Rating Details
6/10/2016Bank of America Corp.DowngradeNeutral -> Underperform$42.00 -> $28.00View Rating Details
6/10/2016Drexel HamiltonDowngradeHold -> Sell$21.03 -> $14.50View Rating Details
6/4/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingNeutralView Rating Details
4/26/2016Morgan StanleyReiterated RatingHoldView Rating Details
4/27/2016Jefferies GroupReiterated RatingHoldView Rating Details
4/27/2016SusquehannaReiterated RatingPositive$24.00 -> $23.00View Rating Details
1/28/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
1/11/2016Barclays PLCReiterated RatingOverweight$22.00View Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$20.00 -> $18.00View Rating Details
10/28/2015Royal Bank Of CanadaBoost Price TargetOutperform$21.00 -> $24.00View Rating Details
8/3/2015Cantor FitzgeraldReiterated RatingHold$17.00View Rating Details
7/29/2015Benchmark Co.Lower Price TargetHold$19.50 -> $17.00View Rating Details
4/30/2015HSBCDowngradeBuy -> HoldView Rating Details
4/29/2015Credit Agricole SADowngradeUnderperform -> Sell$20.00View Rating Details
(Data available from 8/26/2014 forward)


Earnings History for Corning (NYSE:GLW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/27/2016Q216$0.32$0.37$2.38 billion$2.36 billionViewListenView Earnings Details
4/26/2016Q116$0.28$0.28$2.23 billion$2.17 billionViewListenView Earnings Details
1/26/2016Q415$0.32$0.34$2.33 billion$2.40 billionViewListenView Earnings Details
10/27/2015Q315$0.35$0.34$2.52 billion$2.45 billionViewListenView Earnings Details
7/28/2015Q215$0.37$0.38$2.54 billion$2.52 billionViewListenView Earnings Details
4/28/2015Q115$0.33$0.35$2.48 billion$2.43 billionViewN/AView Earnings Details
1/27/2015Q414$0.38$0.45$2.50 billion$2.50 billionViewN/AView Earnings Details
10/28/2014Q314$0.37$0.40$2.63 billion$2.60 billionViewN/AView Earnings Details
7/29/2014Q214$0.38$0.37$2.53 billion$2.58 billionViewN/AView Earnings Details
4/28/2014Q114$0.30$0.31$2.30 billion$2.40 billionViewN/AView Earnings Details
1/27/2014Q413$0.27$0.29$1.95 billion$2.01 billionViewN/AView Earnings Details
10/30/2013Q313$0.32$0.33$2.09 million$2.10 millionViewN/AView Earnings Details
7/30/2013Q2 2013$0.31$0.32$1.97 billion$2.00 billionViewN/AView Earnings Details
4/24/2013Q1 2013$0.24$0.30$1.96 billion$1.80 billionViewN/AView Earnings Details
1/29/2013Q4 2012$0.33$0.34$2.07 billion$2.15 billionViewN/AView Earnings Details
10/24/2012$0.32$0.34ViewN/AView Earnings Details
7/25/2012$0.31$0.31ViewN/AView Earnings Details
4/25/2012$0.28$0.30ViewN/AView Earnings Details
1/25/2012$0.33$0.33ViewN/AView Earnings Details
10/26/2011$0.42$0.48ViewN/AView Earnings Details
7/27/2011$0.47$0.48ViewN/AView Earnings Details
4/27/2011$0.44$0.47ViewN/AView Earnings Details
1/25/2011$0.47$0.46ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Corning (NYSE:GLW)
Current Year EPS Consensus Estimate: $1.41 EPS
Next Year EPS Consensus Estimate: $1.59 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.27$0.34$0.30
Q2 20163$0.31$0.33$0.32
Q3 20163$0.35$0.40$0.37
Q4 20163$0.35$0.44$0.38
Q1 20172$0.27$0.34$0.31
Q2 20172$0.36$0.39$0.38
Q3 20172$0.42$0.42$0.42
Q4 20172$0.40$0.45$0.43
(Data provided by Zacks Investment Research)


Current Dividend Information for Corning (NYSE:GLW)
Annual Dividend:$0.54
Dividend Yield:2.38%
Payout Ratio:29.51% (Based on Trailing 12 Months of Earnings)
38.30% (Based on Current Year Consensus EPS Estimate)
33.96% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:15.10% (3 Year Average)

Dividend History for Corning (NYSE:GLW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Corning (NYSE:GLW)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/15/2016James P ClappinInsiderSell15,000C$23.00C$345,000.00View SEC Filing  
8/11/2016David L MorseInsiderSell9,000C$23.00C$207,000.00View SEC Filing  
8/10/2016Lisa FerreroInsiderSell48,000C$22.86C$1,097,280.00View SEC Filing  
8/8/2016Martin J CurranVPSell18,000C$22.89C$412,020.00View SEC Filing  
8/2/2016Wendell P WeeksCEOSell68,250C$22.21C$1,515,832.50View SEC Filing  
8/1/2016Eric S MusserVPSell56,853C$22.37C$1,271,801.61View SEC Filing  
7/29/2016R Tony TripenyInsiderSell7,500C$22.27C$167,025.00View SEC Filing  
7/28/2016James P ClappinInsiderSell15,000C$22.00C$330,000.00View SEC Filing  
7/28/2016Lawrence D McraeVice ChairmanSell57,333C$22.26C$1,276,232.58View SEC Filing  
7/28/2016Martin J CurranVPSell9,000C$21.86C$196,740.00View SEC Filing  
6/8/2016Kirk P GreggCAOSell24,000C$20.93C$502,320.00View SEC Filing  
6/7/2016Mark S RogusVPSell10,896C$21.18C$230,777.28View SEC Filing  
6/7/2016R Tony TripenyCFOSell7,500C$21.17C$158,775.00View SEC Filing  
5/26/2016Kirk P GreggCAOSell20,000C$20.08C$401,600.00View SEC Filing  
2/29/2016Robert HinchcliffeDirectorBuy47,000C$0.05C$2,115.00
2/19/2016Kirk P GreggCAOSell20,000C$18.51C$370,200.00View SEC Filing  
2/17/2016Jeffrey W. EvensonVPSell53,008C$19.03C$1,008,742.24View SEC Filing  
2/10/2016Lawrence D. McraeVice ChairmanSell34,000C$18.54C$630,360.00View SEC Filing  
2/4/2016James B FlawsVice ChairmanSell69,519C$18.50C$1,286,101.50View SEC Filing  
12/15/2015Lewis A SteversonSVPSell28,437C$17.99C$511,581.63View SEC Filing  
12/4/2015Robert HinchcliffeDirectorBuy105,000C$0.08C$7,875.00
10/8/2015Robert HinchcliffeDirectorBuy25,000C$0.08C$2,000.00
9/18/2015Robert HinchcliffeDirectorBuy25,000C$0.09C$2,125.00
9/1/2015Martin J CurranVPBuy35,820C$16.67C$597,119.40View SEC Filing  
9/1/2015Robert HinchcliffeDirectorBuy5,000C$0.08C$400.00
8/31/2015Robert HinchcliffeDirectorBuy2,000C$0.08C$160.00
8/28/2015Robert HinchcliffeDirectorBuy11,000C$0.08C$880.00
5/5/2015Robert HinchcliffeDirectorBuy49,000C$0.09C$4,165.00
3/16/2015Robert HinchcliffeDirectorBuy100,000C$0.08C$7,500.00
2/27/2015Clark S KinlinEVPSell12,932C$24.54C$317,351.28View SEC Filing  
2/23/2015Eric S MusserVPSell11,578C$24.94C$288,755.32View SEC Filing  
2/18/2015James B FlawsCFOSell145,043C$24.58C$3,565,156.94View SEC Filing  
2/18/2015Kirk P GreggVPSell50,869C$24.62C$1,252,394.78View SEC Filing  
2/18/2015Wendell P WeeksCEOSell64,992C$24.49C$1,591,654.08View SEC Filing  
2/10/2015Eric S MusserVPSell18,000C$24.50C$441,000.00View SEC Filing  
2/6/2015Clark S KinlinEVPSell21,500C$24.35C$523,525.00View SEC Filing  
1/30/2015Kirk P GreggVPSell131,703C$23.89C$3,146,384.67View SEC Filing  
1/30/2015Wendell P WeeksCEOSell242,250C$23.91C$5,792,197.50View SEC Filing  
1/28/2015David L MorseEVPSell61,168C$25.02C$1,530,423.36View SEC Filing  
1/28/2015Eric S MusserVPSell38,000C$24.75C$940,500.00View SEC Filing  
1/28/2015James B FlawsCFOSell339,500C$24.63C$8,361,885.00View SEC Filing  
1/28/2015Kurt M LandgrafDirectorSell6,775C$24.89C$168,629.75View SEC Filing  
11/24/2014Clark S KinlinEVPSell59,916C$20.84C$1,248,649.44View SEC Filing  
10/30/2014Robert HinchcliffeDirectorBuy200,000C$0.05C$10,000.00
9/10/2014Hansel E Tookes IIDirectorSell8,611C$21.09C$181,605.99View SEC Filing  
8/27/2014Clark S KinlinEVPSell19,137C$20.57C$393,648.09View SEC Filing  
8/21/2014Wendell P WeeksCEOSell130,000C$20.73C$2,694,900.00View SEC Filing  
8/5/2014Kirk P GreggVPSell41,000C$19.89C$815,490.00View SEC Filing  
8/4/2014Lewis A SteversonSVPSell30,102C$20.00C$602,040.00View SEC Filing  
5/30/2014David L MorseEVPSell11,027C$21.27C$234,544.29View SEC Filing  
5/14/2014Clark KinlinEVPSell32,500C$21.23C$689,975.00View SEC Filing  
5/2/2014Kirk GreggVPSell93,000C$21.03C$1,955,790.00View SEC Filing  
5/1/2014Wendell WeeksCEOSell150,000C$21.07C$3,160,500.00View SEC Filing  
2/19/2014Kirk GreggVPSell12,618C$19.05C$240,372.90View SEC Filing  
2/18/2014David MorseEVPSell9,265C$19.16C$177,517.40View SEC Filing  
2/18/2014James FlawsCFOSell20,499C$19.16C$392,760.84View SEC Filing  
2/18/2014Wendell WeeksCEOSell44,164C$19.16C$846,182.24View SEC Filing  
2/12/2014James FlawsCFOSell190,335C$18.59C$3,538,327.65View SEC Filing  
11/22/2013Wendell WeeksCEOSell250,000C$17.05C$4,262,500.00View SEC Filing  
11/21/2013R Tony TripenyVPSell22,750C$17.13C$389,707.50View SEC Filing  
11/20/2013David MorseEVPSell2,255C$16.87C$38,041.85View SEC Filing  
11/15/2013Deborah RiemanDirectorSell5,132C$16.90C$86,730.80View SEC Filing  
11/4/2013John Seely BrownDirectorSell5,132C$17.29C$88,732.28View SEC Filing  
2/13/2013Robert F Cummings JrDirectorBuy30,000C$12.61C$378,300.00View SEC Filing  
11/16/2012Gordon GundDirectorBuy170,000C$10.76C$1,829,200.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Corning (NYSE:GLW)
News IconCorning Inc.'s (GLW): Stock Under Consideration - Hot Stocks Point (NYSE:GLW) - August 26 at 8:12 AM logoApple Inc. (NASDAQ:AAPL), Corning Incorporated (NYSE:GLW ... - Benzinga (NYSE:GLW) - August 26 at 8:12 AM logoThe Industry Implications Of A Possible All-Glass Apple '360 Degree' iPhone (NYSE:GLW) - August 25 at 5:16 PM logoEx-Dividend Reminder: Corning, Newell Brands and Barrick Gold (NYSE:GLW) - August 25 at 5:16 PM
News IconTrader's Round Up – Sirius XM Holdings (NASDAQ:SIRI), Corning Incorporated (NYSE:GLW) - Money News (press release) (NYSE:GLW) - August 25 at 10:15 AM
News IconTech Stocks Highlights: QUALCOMM, Inc. (QCOM), Corning Incorporated (GLW) - share market updates (press release) (NYSE:GLW) - August 25 at 10:15 AM
News IconCorning Inc. (NYSE:GLW) from Diversified Electronics – Todays Top Gains (NYSE:GLW) - August 24 at 5:08 PM
News IconTech Stocks Broker Alerts: Corning Incorporated (NYSE:GLW), Hewlett Packard Enterprise Co (NYSE:HPE) - share market updates (press release) (NYSE:GLW) - August 24 at 8:17 AM
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News IconCorning Inc. (NYSE:GLW) To Report September 2016 Results - The Voice Registrar (NYSE:GLW) - August 23 at 5:24 PM logoCorning Showcases Advanced Glass Innovations at Touch Taiwan 2016 (NYSE:GLW) - August 23 at 5:24 PM
News IconNews Recap - Micron Technology, Inc. (NASDAQ:MU), Corning Incorporated (NYSE:GLW) - Money News (press release) (NYSE:GLW) - August 22 at 5:18 PM
News IconDiversified Electronics: Corning Inc. (NYSE:GLW) Position of the day (NYSE:GLW) - August 20 at 5:07 PM
News IconDiversified Electronics: Corning Inc. (NYSE:GLW) Position of the day - Twin County News (NYSE:GLW) - August 19 at 5:14 PM
News IconWorth Watching Stocks Roundup: Pfizer Inc. (NYSE:PFE), Corning Incorporated (NYSE:GLW) - NYSE Journal (press release) (NYSE:GLW) - August 19 at 5:14 PM
News IconCorning Inc.'s (GLW): Valuable Sizzling Stock of Yesterday - Hot Stocks Point (NYSE:GLW) - August 18 at 8:11 AM
News IconTop Gainers of the Day: Corning Inc. (NYSE:GLW) from Diversified Electronics (NYSE:GLW) - August 17 at 8:15 AM
News IconTrader's Radar- Corning Inc.'s (GLW) - Hot Stocks Point (NYSE:GLW) - August 16 at 8:36 AM logoCorning a Top Socially Responsible Dividend Stock With 2.4% Yield (GLW) (NYSE:GLW) - August 15 at 10:59 AM logoETF’s with exposure to Corning, Inc. : August 15, 2016 (NYSE:GLW) - August 15 at 10:59 AM logoMichael Phelps And Investing In The Placebo Effect - Seeking Alpha (NYSE:GLW) - August 13 at 8:09 AM logoCorning, Cisco Among Top Names In Tech Hardware - Benzinga (NYSE:GLW) - August 10 at 5:31 PM
News IconLeading stocks in today’s market: Corning Inc. (NYSE:GLW) (NYSE:GLW) - August 10 at 12:42 PM logo3 Trending Stocks: EverBank Financial Corp. (EVER), Corning Inc. (GLW), Advanced Micro Devices, Inc. (AMD) - iStreetWire (NYSE:GLW) - August 9 at 9:37 PM
News IconTech Stocks Directions: Corning Inc. (NYSE:GLW), Integrated Device Technology, Inc. (NASDAQ:IDTI) - TWN (NYSE:GLW) - August 9 at 9:37 PM logoBoring Tech Dividends Part 2: Corning Incorporated (NYSE:GLW) - August 9 at 4:02 PM
News IconInteresting September Stock Options for GLW (NYSE:GLW) - August 8 at 5:27 PM
News IconIs Corning Inc. (NYSE:GLW), a large market cap stock a smart buy? (NYSE:GLW) - August 8 at 5:27 PM
News IconAnalyst Research and Ratings: MannKind Corp. (NASDAQ:MNKD), Corning Inc. (NYSE:GLW) - TWN (NYSE:GLW) - August 5 at 5:23 PM
News IconEarnings in Focus: EMC Corporation (NYSE:EMC), Corning Inc. (NYSE:GLW) - News Oracle (NYSE:GLW) - August 5 at 5:23 PM logoNoticeable Analyst's ideas: Corning Incorporated (NYSE:GLW) , Tower Semiconductor Ltd. (NASDAQ:TSEM) - Street Updates (NYSE:GLW) - August 5 at 8:10 AM logoCorning Incorporated (GLW) is Trading Higher on Unusual Volume for August 03 - (NYSE:GLW) - August 5 at 8:10 AM
News IconUpdate on Corning Inc. (NYSE:GLW) for the day (NYSE:GLW) - August 4 at 5:35 PM logoETF’s with exposure to Corning, Inc. : August 4, 2016 (NYSE:GLW) - August 4 at 5:34 PM logoStocks within Analysts Spotlight: Corning Incorporated (NYSE:GLW) , Automatic Data Processing, Inc. (NASDAQ:ADP) - Street Updates (NYSE:GLW) - August 4 at 8:11 AM
News IconTech Stocks Updates: Western Digital Corp (NASDAQ:WDC), Corning Incorporated (NYSE:GLW) - share market updates (press release) (NYSE:GLW) - August 3 at 5:34 PM logoCorning Inc. (NYSE:GLW) Earns Consensus Hold Rating - Review Fortune (NYSE:GLW) - August 3 at 5:34 PM logoCorning Inc (NYSE:GLW) nearing 52-week high, short interest increasing - Street Report (NYSE:GLW) - August 3 at 8:11 AM logoSamsung Launches the Note 7; Fitbit Gains on Solid Earnings (NYSE:GLW) - August 3 at 8:11 AM logoCorning, Inc. :GLW-US: Earnings Analysis: Q2, 2016 By the Numbers : August 2, 2016 (NYSE:GLW) - August 2 at 5:30 PM logoCORNING INC /NY Financials (NYSE:GLW) - August 2 at 5:30 PM
News IconShort Interest in Corning Inc. (GLW) Expands By 14.7% (NYSE:GLW) - August 2 at 10:03 AM
News IconCorning Incorporated (GLW) Shares are Up 2.63% (NYSE:GLW) - August 2 at 10:03 AM logo[$$] The Big Number: 153 (NYSE:GLW) - August 1 at 5:09 PM
News IconHow has Corning Inc.:(NYSE:GLW) performed recently? – The Daily ... - The Daily Leicester (NYSE:GLW) - July 30 at 8:07 AM
News IconStock under Analysts' radar: Corning Inc. (NYSE:GLW) - News Oracle (NYSE:GLW) - July 30 at 8:07 AM logoShort Interest In Corning Increases 14.7% (NYSE:GLW) - July 29 at 5:23 PM logoCorning Incorporated (GLW) Pops 3.72% for July 28 (NYSE:GLW) - July 29 at 12:22 PM logoEarnings Reaction History: Corning Inc., 30.0% Follow-Through Indicator, 4.0% Sensitive - Nasdaq (NYSE:GLW) - July 28 at 9:45 PM


Corning (NYSE:GLW) Chart for Friday, August, 26, 2016

Last Updated on 8/26/2016 by Staff